The Financial Benefits Network program encourages employee financial wellness by offering workplace seminars. These sessions focus on financial fundamentals and key concepts that increase knowledge, confidence, and overall financial wellness.
The workshops are a generous addition to existing benefits. Complimentary, no obligation individual consultations with a Financial Advisor* are available along with the workshops.
Topics we address:
Most people use traditional financial theories and conventional wisdom as a reason to take on increased financial risk. Instead of putting your assets at risk, we consider your complete financial picture and put your financial security first. It’s time to get it right.
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The Tools We Use:
- Assets
- Liabilities
- Insurance protection
- Cash flow
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Education is the Key
We start with the fundamentals so that complex financial jargon is neutralized, simplified, and easy to understand. Both the one-hour worshop and more comprehensive seminar options provide practical information that is useful immediately.
The personal touch of workplace sessions is integrated with the online material offered at the Financial Learning Center and Your Employee Benefits Depot modules of the FBN program.
Bridging Personal Finances with Employee Benefits
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> Money Worries Hinder Job Performance: The Case for Financial Education at the Workplace (article)
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> “Personal financial literacy is at the very core of happiness in life. When compared to employees with poor financial well-being, financially – well employees have higher job performance, less absenteeism, better health, and less turnover.”
Source: Dr. E. Thomas Garman, President, Personal Finance Employee Education Foundation
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I) Younger Employees – Starting Out in the Workforce
“For these employees, who are focused on acquiring possessions, buying homes, building families, and are worrying about future education costs, it is important to interest them in balancing their needs to spend with the need to have a financial plan to meet their short and long term goals.
Source: Edgar W. Brick, Financial Planning, Employee Benefits News
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II) Experienced Workers and Younger Baby Boomers
“Achieving financial security is a complex problem that is not getting any easier. Baby Boomers are rapidly approaching their retirement years. The ever changing tax codes move investment alternatives in and out of favor. Families grow, children age, unforeseen expenses arise. Countless workers are in deep financial trouble without even realizing it.”
Source: Scott Tirus, “Cover the Basics in Financial Education” HR Magazine
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III) Pre-Retirees and Retirees
“About 75% of pre-retirement income is necessary to enable the retired person to maintain his/her previous level of spending and living. Some expenses will decrease: Work-related expenses and taxes will be lower. Housing may be lower, depending on where you live. Bad news: inflation will affect your buying power and health expenses will rise.”
Source: Elizabeth McFadden, “Ready or Not,” Your Retirement Planning Guide, p.20
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* Financial Advisors and Registered Investment Advisors are independent of the Financial Benefits Network